Natixis Advisors L.P. Sells 371 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Natixis Advisors L.P. cut its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,622 shares of the business services provider’s stock after selling 371 shares during the period. Natixis Advisors L.P.’s holdings in Euronet Worldwide were worth $4,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Euronet Worldwide by 15.9% during the fourth quarter. FMR LLC now owns 2,179,270 shares of the business services provider’s stock worth $343,365,000 after buying an additional 298,678 shares in the last quarter. M&T Bank Corp grew its holdings in Euronet Worldwide by 16.8% during the 4th quarter. M&T Bank Corp now owns 2,786 shares of the business services provider’s stock worth $439,000 after acquiring an additional 401 shares during the period. Machina Capital S.A.S. grew its holdings in Euronet Worldwide by 108.9% during the 4th quarter. Machina Capital S.A.S. now owns 3,043 shares of the business services provider’s stock worth $479,000 after acquiring an additional 1,586 shares during the period. Comerica Bank grew its holdings in Euronet Worldwide by 3.8% during the 4th quarter. Comerica Bank now owns 2,323 shares of the business services provider’s stock worth $376,000 after acquiring an additional 84 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in Euronet Worldwide by 12.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,435 shares of the business services provider’s stock worth $1,644,000 after acquiring an additional 1,151 shares during the period. Hedge funds and other institutional investors own 89.04% of the company’s stock.

In related news, CEO Nikos Fountas sold 70,755 shares of Euronet Worldwide stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $157.36, for a total value of $11,134,006.80. Following the completion of the transaction, the chief executive officer now directly owns 40,505 shares in the company, valued at approximately $6,373,866.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Martin L. Bruckner sold 12,893 shares of Euronet Worldwide stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $153.97, for a total transaction of $1,985,135.21. Following the completion of the transaction, the senior vice president now owns 17,898 shares of the company’s stock, valued at $2,755,755.06. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. ValuEngine raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and set a $175.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, February 11th. DA Davidson raised their price target on shares of Euronet Worldwide from $174.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Citigroup raised their price target on shares of Euronet Worldwide from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Zacks Investment Research raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating and set a $136.00 price target on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $175.56.

NASDAQ EEFT traded up $2.32 during trading hours on Friday, hitting $124.04. The company’s stock had a trading volume of 1,164,721 shares, compared to its average volume of 669,676. Euronet Worldwide, Inc. has a 52 week low of $121.53 and a 52 week high of $171.25. The company has a market capitalization of $6.58 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.90. The company’s 50-day simple moving average is $154.64 and its two-hundred day simple moving average is $151.85.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.02. The firm had revenue of $693.70 million during the quarter, compared to analyst estimates of $712.40 million. Euronet Worldwide had a net margin of 12.61% and a return on equity of 27.10%. Research analysts anticipate that Euronet Worldwide, Inc. will post 7.51 EPS for the current fiscal year.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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